Simply . Anyway, it is the nature of the long Fund. Those who hold it jave to pay the money managers' fee and more importantly the continous roll down caused by VIX contango.
Weekly chart can go only if we once ever have a krach in SP500 ... but as we know that is absolutely impossible with new type of central banking ;-) :-D
- is , but price moved quite far away from its equilibrium level (currently marked by Kijun and Senkou B at 14,75)
- Heikin-Ashi has important message! haDelta/SMA3 has built quite remarkable divergence! It is still below zero line, but ticking higher, while price still made lower low. Probably the price action in last few days happene on low , which means Bears are not so keen on selling heavily at these levels.
Candle last friday had small inside body and both upper and lower wicks!
- supp at 12,80 (Tenkan) and 14,70 (Kijun+Kumo)